The micro small and medium-sized enterprises (MSMEs) are widely recognized as essential components and key drivers in the move towards achieving economic growth, including the activation of the services sector. These MSMEs also play the significant role of serving as strategic pillars in the efforts to create a knowledge-based economy In line the vision of the country’s wise leadership, the Khalifa Fund for Enterprise Development (KFED) remains steadfast in its keenness towards ensuring the development and sustainability of these projects through the provision of financing, support and assuring the growth of these projects, which in turn will enable their owners to achieve success for their investments.
Khalifa Fund was established in June 2007 by the virtue of the (Law 14 of 2005), as an independent, Not for Profit Small and Medium Enterprises (SMEs) Socio Economic Development agency of the Government of Abu Dhabi. The purpose of establishing the fund is to help develop local enterprises in Abu Dhabi by instilling and enriching the culture of investment amongst UAE nationals, as well as supporting and developing small to medium-sized investments in the Emirate. Khalifa Fund started with a total capital of AED 300 million, which was gradually increased to AED 2 billion and covering all the UAE.
Khalifa Fund an independent, nonprofit socio-economic development entity mandated by the Abu Dhabi Government for the support of Small and Medium Enterprises
Khalifa Fund expanded its reach to the Northern Emirates with three more branches in Ajman, Ras Al Khaimah and Fujairah.
Khalifa Fund started to extend its support based on its current model in Egypt, Chechnya, and Belarus and other regional and international countries
Khalifa Fund continues supporting national, international projects and partnerships to support transfer of knowledge and economic growth
Regional and International Impact
Following special instructions from H.H Sheikh Mohammed Bin Zayed Al Nahyan the Crown Prince of Abu Dhabi and Supreme Commander of UAE Armed Forces. Khalifa Fund for Enterprise Development has begun its efforts aimed at supporting and promoting MSME sector internationally since 2015. As of 2020, Khalifa Fund international portfolio is valued with approximately one billion dollars. Managing 22 countries in three different continents Africa, Asia and Europe.